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RAPAPORT... Diamcor Mining Inc. arranged private placement financing of 2,142,858 units at a price of $1.40 per unit for gross proceeds of $3 million. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant has a three year term and entitles the holder to purchase one share at an exercise price of $1.80. Participants in the offering were largely institutional investment firms and the offering is expected to close on or before March 7, 2014, subject to regulatory approvals. Proceeds will be used to support the advancement of the company's Krone-Endora at Venetia project and South Africa and for general and administrative purposes. Diamcor engaged Roth Capital Partners as the lead agent and Euro Pacific Canada Inc. for the offering. Diamcor Mining has a production history in South Africa and a long-term strategic supply alliance with Tiffany & Co.
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